Stock / Bangladesh

Linde's profit grows 6pc in Q2

Linde's profit grows 6pc in Q2

Linde secured a 6 per cent year-on-year growth in profit to Tk 107 million in the second quarter through June this year even after lower sales. Its revenue dropped 3.24 per cent year-on-year to Tk 537 million in the quarter to June. A reduction in operating expenses after the sale of its welding


Orange sukuk, gender bonds mulled to support women-led MSMEs

Orange sukuk, gender bonds mulled to support women-led MSMEs

Bangladesh is preparing to make a major stride toward inclusive and sustainable development through the introduction of orange sukuk. Orange sukuk is an innovative Shariah-compliant financial instrument that integrates gender equality, environmental protection, and social inclusion into capital ma

DSEX exceeds 5400-mark at opening amid growing confidence

DSEX exceeds 5400-mark at opening amid growing confidence

Stocks opened higher on Thursday, with the key index of the Dhaka bourse crossing the 5400-mark in early trading, as buoyant investors continued their buying spree amid the ongoing earnings declaration season. Market analysts said the investor's positive market sentiment remained resilient, bolste

Dr Zubaidur Rahman new chair of Islami Bank

Dr Zubaidur Rahman new chair of Islami Bank

Six days after the resignation of Obayed Ullah-Al Masud, Professor Dr M Zubaidur Rahman has been elected chairman of Islami Bank Bangladesh PLC. He was elected chairman of the country's largest unconventional commercial bank at a board meeting of the bank held on Wednesday, according to a press re

National Bank deep into the red in Q2

National Bank deep into the red in Q2

National Bank disclosed a loss of Tk 7.63 billion for the April -June quarter this year, 4.65-time greater compared to the loss incurred in the same period last year. The financial result is not surprising given the hefty amount of non-performing loans - more than 40 per cent - the lender has. T

LafargeHolcim returns to income growth trajectory in Q2

LafargeHolcim returns to income growth trajectory in Q2

LafargeHolcim Bangladesh secured a 20 per cent year-on-year growth in profit to Tk 967 million in the April-June quarter this year, driven by higher sales amid growing customer confidence. The multinational cement manufacturer's earnings per share (EPS) rose to Tk 0.83 in the second quarter throug

RAK Ceramics reports twenty-fold increase in Q2 losses

RAK Ceramics reports twenty-fold increase in Q2 losses

RAK Ceramics (Bangladesh) experienced a loss of Tk 185 million in the April-June quarter this year, 20 times greater than the loss incurred in the same quarter a year earlier. A significant rise in production costs compounded by the shortage of gas supply magnified the loss reported for the second

Investors putting money in closed companies raises alarm

Investors putting money in closed companies raises alarm

The recent recovery of the stock market shows promise but raises alarm at the same time as non-operational companies' stocks have been flying high on the Dhaka Stock Exchange (DSE) alongside blue-chip scrips.   Most of these small-cap firms have been witnessing losses pile up and there is no